CVB Financial Corp. (NASDAQ:CVBF) does about 718.74K shares in volume on a normal day but saw 1229313 shares change hands in the recent trading day. The company now has a market cap of 2.77B USD. Its current market price is $19.87, marking an increase of 1.74% compared to the previous close of $19.53. The 52 week high reached by this stock is $21.77 whilst the lowest price level in 52 weeks is $14.62.
CVB Financial Corp. (CVBF) has a 20-day trading average at $17.79 and the current price is -8.73% off the 52-week high compared with 35.91% distance from its 52-week low. The 50-day simple moving average of the closing price is $17.07 and its 200-day simple moving average is $17.45. If we look at the stock’s price movements over the week, volatility stands at 4.44%, which decreases to 3.06% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 75.56 to suggest the stock is overbought.
The consensus objective for the share price is $19.43, suggesting that the stock has a potential downside of -2.26% over the period.
0 analysts have rated it as a buy and 1 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Moderate Buy the stock.
Hovde Group also downgraded the stock to “Market Perform” from Outperform on April 22, 2024 at a price target of $18. Stephens initiated its price target at $21.
CVB Financial Corp. (CVBF) stock is up 4.20% over the week and 21.08% over the past month. Its price is -1.58% year-to-date and 24.58% over the past year.
To reach the target analysts have set, the stock logically needs to shrink -2.26 percent from here.
The company has a return on investment of 9.95% and return on equity of 10.27%. The price to earnings ratio (P/E ratio) amounts to 13.13 while the forward price to earnings ratio is 13.23. The beta has a value of 0.47. Price to book ratio is 1.33 and price to sales ratio is 4.07.
